£2,180,917
(€242/sq. ft)
€2,600,000
Retail premises for salePueblo De San Juan, Ayuntamiento San Juan, Spain
10,764 sq. ft
About this property
Key features. Property type: Hotel. Location: Alicante. Asking price: €2,600,000. Total number of rooms: 35. Single rooms: 2. Triple rooms: 6. Double rooms: 27. Attached garage: Space for 6 cars. Bar/restaurant: Premises currently let. Monthly rent for the bar/restaurant: €3,000. Bar/restaurant lease term: 5 years. Current hotel management: Managed by one of the co-owners, with just under a year and a half remaining on the contract.
Room layout. The property has 35 rooms, distributed as follows:
2 single rooms.
6 triple rooms.
27 double rooms.
This layout can accommodate different types of guests, from individual travellers to couples, families and small groups.
Attached garage. The hotel has an attached garage with space for 6 vehicles, an additional asset for operating the property and for the convenience of its guests.
Bar/restaurant with current lease. The premises designated for use as a bar/restaurant are currently let and generate rent of €3,000 per month, equivalent to €36,000 per year.
The lease term is five years and includes a provision allowing it to be terminated in the event of a sale of the property if the new owner is not interested in continuing the lease.
This allows the buyer to consider different options: Retaining the lease and its associated income, or exploring the possibility of repossessing the premises for their own operation, subject to the applicable contractual terms.
Current hotel management arrangement. The hotel is currently managed by one of the co-owners under a contract with just under a year and a half remaining.
During this period, the manager pays a reduced rent of €3,500 per month, as agreed between the co-owners.
Whether this management arrangement continues after the sale will depend on the buyer’s interests and the terms of the current contract.
Price and sale conditions. Asking price: €2,600,000.
Before completing the transaction, the buyer’s intentions regarding the following should be established:
Whether to retain or terminate the bar/restaurant lease.
Whether the current hotel management arrangement should continue or end when its contract expires.
Whether compensation or other payments may need to be negotiated with the tenants or managers, where legally and contractually applicable.
These matters should be reviewed to determine the final terms of the sale and, where applicable, any agreements required with the parties involved.
An opportunity for investors. A hotel asset in Alicante with 35 rooms, an attached garage and commercial premises that currently generate rental income.
Its configuration allows different investment strategies to be considered, from continuing the existing contracts to a future reorganisation of the operation, subject to the terms of the transaction and applicable regulations.
Room layout. The property has 35 rooms, distributed as follows:
2 single rooms.
6 triple rooms.
27 double rooms.
This layout can accommodate different types of guests, from individual travellers to couples, families and small groups.
Attached garage. The hotel has an attached garage with space for 6 vehicles, an additional asset for operating the property and for the convenience of its guests.
Bar/restaurant with current lease. The premises designated for use as a bar/restaurant are currently let and generate rent of €3,000 per month, equivalent to €36,000 per year.
The lease term is five years and includes a provision allowing it to be terminated in the event of a sale of the property if the new owner is not interested in continuing the lease.
This allows the buyer to consider different options: Retaining the lease and its associated income, or exploring the possibility of repossessing the premises for their own operation, subject to the applicable contractual terms.
Current hotel management arrangement. The hotel is currently managed by one of the co-owners under a contract with just under a year and a half remaining.
During this period, the manager pays a reduced rent of €3,500 per month, as agreed between the co-owners.
Whether this management arrangement continues after the sale will depend on the buyer’s interests and the terms of the current contract.
Price and sale conditions. Asking price: €2,600,000.
Before completing the transaction, the buyer’s intentions regarding the following should be established:
Whether to retain or terminate the bar/restaurant lease.
Whether the current hotel management arrangement should continue or end when its contract expires.
Whether compensation or other payments may need to be negotiated with the tenants or managers, where legally and contractually applicable.
These matters should be reviewed to determine the final terms of the sale and, where applicable, any agreements required with the parties involved.
An opportunity for investors. A hotel asset in Alicante with 35 rooms, an attached garage and commercial premises that currently generate rental income.
Its configuration allows different investment strategies to be considered, from continuing the existing contracts to a future reorganisation of the operation, subject to the terms of the transaction and applicable regulations.
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